Trinidad and Tobago: Taxes on international trade
* indicates monthly or quarterly data series
| Trinidad and Tobago |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 5.98 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2001 - 2019 |
| Average | 5.04 |
| Min - Max | 3.72 - 6.47 |
| Source | The World Bank |
The latest value from 2019 is 5.98 percent, an increase from 5.72 percent in 2018. In comparison, the world average is 6.91 percent, based on data from 105 countries. Historically, the average for Trinidad and Tobago from 2001 to 2019 is 5.04 percent. The minimum value, 3.72 percent, was reached in 2008 while the maximum of 6.47 percent was recorded in 2017.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -1.70 | 2023 | percent |
| Government debt | 67.60 | 2023 | percent |
| Tax revenue | 16.55 | 2019 | percent |
| Commercial tax rate | 40.50 | 2019 | percent |
| Tax preparation time | 210 | 2019 | hours |
| Number of taxes | 39 | 2019 | taxes |
| Taxes on goods and services | 20.85 | 2019 | percent |
| Taxes on international trade | 5.98 | 2019 | percent |
| Income and profits taxes | 26.09 | 2019 | percent |
| Foreign aid | 4.34 | 2010 | million U.S. dollars |